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Professional Investor - Netherlands

Investment Strategies

Private Equity

Our extensive range of private equity investments

In the investment world, 80% of investable capital goes to just 10% of the market: that's about 40,000 listed companies¹. This leaves a lot of potential untapped in small and medium-sized companies that aren't listed but are often the driving force behind innovation and growth.


Private equity offers investors the opportunity to look beyond established names and benefit from attractive returns. Our funds combine in-depth knowledge, experience and a strong network to create strategic and operational value. Through partnerships and co-investments, we offer access to exclusive opportunities, with a focus on diverse strategies such as venture, growth and buy-out. This enables us to offer a solid range of products to meet the diverse needs of our clients.

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Our performance in figures

At Van Lanschot Kempen, we are proud of our skills and transparency. Our figures reflect our commitment to providing high-quality services and achieving sustainable returns for our clients. Discover the impact of our strategic investments and partnerships.

  • EUR 2.1 billion²

    Assets under management

  • 80

    Partnerships/Co-investments

  • 12–15% IRR³

    Targeted return

Potential benefits of diversification in Private Equity

There are various ways to invest in private equity. Most private equity investments are long-term investments in a single company or in a private equity firm that invests in 8-12 different companies. We aim to we select the best private equity firms for you and use them to build a diversified portfolio. The advantages of this are risk diversification with generally the same return expectations. In addition, this structure ensures that the minimum amount required to invest is considerably lower than if you were to invest directly in the private equity party in question.
Video

Report on investing private equity event

During our private equity event at Fort Voordorp, more than 300 participants listened to insights from experts led by BNR news presenter Rens de Jong.

Why choose private equity at Van Lanschot Kempen?

We offer a unique approach to private equity investments that is tailored to the needs of our clients.

We believe that our expertise, network and focus on joint value creation make us the ideal partner for your private equity investments.

  • Exclusive opportunities

    Our partnerships provide access to unique investment opportunities with potentially attractive returns.

  • Expertise

    Our team offers in-depth insights and strategic guidance for optimal investments

  • Diversification

    We create diversified portfolios for risk diversification and stable returns.

From venture capital to buy-out

Private equity lifecycle graph

Venture capital

Invests in start-ups and young companies with high growth potential, often in technology or
biotechnology

Characteristics:

  • Smallest PE segment with high risk, potentially very high returns
  • Long investment horizon (5-10 years)
  • Active management involvement

Growth Capital

Invests in established companies looking to expand or enter new markets

 

 

Features:

  • Moderate risk, potentially stable returns  Investment horizon of 3-7 years
  • Less intensive management involvement by the General Partners
 

 

Buyout

Acquisition of established companies, often with borrowed funds, for restructuring and efficiency improvements

 

 Characteristics:

  • Largest and most important PE segment with lower risk and typically stable and predictable returns
  • Shorter investment horizon (3-5 years)
  • High degree of control over the companies
 

Discover our private equity funds

At Van Lanschot Kempen, we offer a broad selection of private equity funds designed to create value for our clients. Our funds, including the Kempen European Private Equity fund I, II, III (KE-PEF) and the Kempen North American Private Equity fund (KNAPEF), have been carefully constructed to take advantage of unique investment opportunities in both Europe and North America. With a focus on long-term partnerships and value creation in the companies we invest in, we strive to achieve progress together with our clients. Discover our current funds below and how they can contribute to your investment goals.

Discover our Private Markets Solution

At Van Lanschot Kempen, we offer the Private Market Solution fund, designed for capital growth through a diversified portfolio. The fund invests in private equity, infrastructure, land and real estate, with a focus on both developed and emerging markets. We aim to achieve attractive risk/return potential and long-term value creation.


Investors have the option of joining on a quarterly basis. After a three-year lock-up period, it is possible to exit on a quarterly basis. Discover how this fund can contribute to your investment goals.
 

Connect with our experts

Rutger-Jan Leewens

Private Equity Solutions
Phone+31203488719Emailr.j.leewens@vanlanschotkempen.com
Janna Moser Van Lanschot Kempen

Janna Moser

Analyst - Private Equity Solutions - NL
Emailj.moser@vanlanschotkempen.com

Meet the rest of our team

Discover the full range of expertise and services our team offers. Visit our contact page to learn more about our dedicated professionals and how they can assist you.
Explore Our Team

Private Equity Insights

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Fund library

Please visit our fund library for detailed information on our funds. For more sustainability-related information, please refer to the sustainability-related information section of the fund library
Go to fund library

There’s a saying in Dutch, Kom verder, it means many things and it’s our business philosophy. It captures the way we work with clients but also the way we steer our investee companies to deliver shareholder value through active engagement.

Capital at risk. The value of investments and the income from them can fall as well as rise, and investors may not get back the amount originally invested. Past performance provides no guarantee for the future.


General risks to be taken into account when investing in private equity strategies: market prices are not regularly available for private equity investments, which means that traditional risk measures such as volatility and value-at-risk cannot be applied. Fund managers use industry standard valuation methods to determine intrinsic values, which may differ from actual market values. Liquidity risk arises from the illiquidity of private equity investments, which may result in sales at a discount. Capital risk is influenced by factors such as the quality of the fund manager, exposure to the stock market, interest rates and foreign currencies. Investments in funds and co-investments in jurisdictions with limited financial supervision entail additional risks. Private equity investments are long-term and illiquid investments, often lacking transparency and an established market, which may affect their value and realisability. Most investments relate to assets that are exposed to economic risk and credit and liquidity risk, including the risk of insolvency.

The Kempen European Private Equity Fund I, II and III and the Kempen North American Private Equity Fund are closed-end Sub-Funds. The rights of participation in the Sub-Fund are not repurchased at the request of the investor.

¹: Sources: European Commission SBA, Partnerships, OECD (2019); Pitchbook & Van Lanschot Kempen analysis based on StepStone, RCP, Preqin data
²: The AUM figure at the end of Q4 2024 is derived from the combined assets under management of the following funds: Kempen European Private Equity Fund   I, II, III (KEPEF), Kempen North American Private Equity Fund (KNAPEF), Kempen Private Markets Fund (KPMF), and the Multi-Manager European Private Equity Fund (MEPEF). It also includes the mandates: HJG, ING, Waterland, Oxford University and Ashfield.
³: The value of your investment may fluctuate. Forecasts are not a reliable indicator of future results. VLK IM 18/3/2025. The IRR of 12-15% is derived from hypothetical and illustrative modelling based on normal market scenarios. It includes various assumptions about financial markets and the relationships between them. Actual results may vary.

Kempen European Private Equity Fund I and II (the 'Sub-funds') are sub-funds of Kempen Alternative Markets Fund SICAV-RAIF (the 'Fund'), established in Luxembourg. Van Lanschot Kempen Investment Management NV ('VLK Investment Management') is the manager of the Fund. VLK Investment Management is licensed as an asset manager and is supervised by the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, 'AFM'). The Subfunds are registered under the Fund's licence with the AFM. The information in this document does not provide a sufficient basis for making an investment decision. Therefore, please read the essential investor information and the prospectus. These documents are available on the VLK Investment Management website (vanlanschotkempen.com/nl/investment-management). The Sub-Funds are registered for offering in a limited number of countries. The countries in which the Sub-Funds are registered are listed on the website of VLK Investment Management.

The Sub-funds are registered for offering in a limited number of countries. The countries in which the Sub-funds are registered are listed on the VLK Investment Management website (vanlanschotkempen.com/nl/investment-management). The Sub-funds are only available to professional investors.

Kempen European Private Equity Fund III and Kempen North American Private Equity Fund (the “Sub-funds”) are sub-funds of Kempen Umbrella Coöperatief U.A. (the “Fund”), established in Amsterdam, the Netherlands. Van Lanschot Kempen Investment Management NV is the manager of the Fund. Van Lanschot Kempen Investment Management NV is licensed as a manager and is supervised by the Netherlands Authority for the Financial Markets. The Fund is registered with the Netherlands Authority for the Financial Markets under the licence of Van Lanschot Kempen Investment Management NV. No prospectus is required for the offering of membership rights in this Fund pursuant to Article 1(4) of the Prospectus Regulation (EU 2017/1129). The Sub-Funds are only available to professional investors and investors established in the Netherlands who have a primary

accept capital calls of at least EUR 100,000 or, if higher, 10% of the contribution commitment. In Switzerland, Kempen European Private Equity Fund III is only available to 'Qualified Investors' and not to professional investors who do not qualify as 'Qualified Investors'. The information on the website is (partly) available in Dutch and English.
Van Lanschot Kempen Investment Management (UK) Limited is registered in England & Wales with registration number 02833264. Registered office at 20 Gracechurch Street, London, EC3V 0BG Tel: +44 (0)20 3636 9400. Van Lanschot Kempen Investment Management (UK) Ltd, is authorised and regulated by the Financial Conduct Authority (FCA) with reference number 166063.